India feels the onus for failure
of the merger deal between Bharti Airtel and MTN lied with the
South African company as "difficulties" arose from that side.
A South African delegation met senior
officials of SEBI and RBI to discuss matters related to the proposed Bharti-MTN deal.
Amid talks with MTN for a possible deal, Sunil Mittal today met the PM and discussed dual listing and exemption from open offer to be availed by MTN.
India will have to amend host of laws and make rupee fully convertible before allowing dual listing of shares as is being proposed by the South African telecom major MTN.
India`s top mobile firm Bharti Airtel has received offers of financing from more than a dozen foreign banks to fund its merger with South African peer MTN, a leading business daily reported Tuesday.
Reliance Communications is in preliminary talks to buy Kuwaiti telecoms firm Zain`s African operations, two banking sources with knowledge of the development said, in a deal reported to be worth USD 10 billion.
Day in Pics: 1st September
Showbiz World - September 1, 2014
Famous Ganesh Pandals in Mumbai